AME Elite to launch RM1b GDV industrial park in Penang in 2H2024
“This venture beyond Johor will enable us to tap into new markets and meet increasing demand for industrial properties in Penang,” said the group in its latest annual report.
AME Elite buys more land in Johor for industrial cluster development
According to AME Elite, the proposed acquisition, which is expected to be completed by the third quarter of this year, presents a strategic investment opportunity to increase its land bank.
AME Elite’s land sale for data centre to bolster FY2025, says Phillip Capital
In a note on Friday, the research house said AME missed its earlier set property sales target of RM350 million (actual: RM284 million) in FY2024 due to timing of conversion, instead of the demand factor.
AME Elite shares rise to new record high on Pulai land sale
The land was sold to Digital Hyperspace Malaysia Sdn Bhd (DHM) at a record RM138 per sq ft, marking AME Elite's first deal in the data centre segment.
AME Elite sells land in Pulai to data centre operator for RM209.84 mil cash
The lands are all located in I-TechValley within Phase 3 of the Southern Industrial and Logistics Clusters (SILC) in Iskandar Puteri.
Trading of securities in AME Elite suspended ahead of material announcement
Shares of AME Elite were last traded at RM1.
Phillip Capital raises FY25–26E earnings forecast for AME Elite, ups target price to RM2
In a note on Thursday, the research house said AME Elite's stronger earnings were driven by higher contributions from its property development, engineering, and property investment segments.
AME REIT says 3Q net income up 19%, declares distribution of 1.88 sen per unit
With the additional rental from the three newly-acquired industrial properties, the industrial REIT’s net property income (NPI) grew 14.
Phillip Capital starts coverage of AME Elite, says firm poised to reap rewards from ongoing US–China tension
“AME stands out in terms of its sole focus on industrial properties, which also offers a unique exposure to capture the ongoing inflow of foreign direct investment.
RHB Research raises estimated GDV for AME Elite’s industrial projects in Johor by 10-12%
RHB said the potential addition of new land, especially in Johor, could be a share price catalyst as AME has been anchoring the industrial sector in Iskandar Malaysia.
